NOT LISTED FOR SALE

701 E 6th St Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $1,660,346 - $2,064,000

14 Beds
8 Baths
2 Sq Ft
$926,918/Sq Ft Est. Value

Last Sold April 09, 2019

Last sale price $1,300,000 $650,000 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $11,256/month

122 Days on Market

Highlights

  • 0.09 Acre Lot
  • Corner Lot
  • Laundry Room
  • Long Beach Polytechnic High School Rated A

About This Home

As of April 2019

Town house style buildings (2) 4 Br, 2.25 Baths approx.. 1300 S.F, & (2) 3Br, 2Bath Approx. $ 1140 Sf. . Stacked single level. Tenants pay all utilities. Landlord pay Water & trash.

Actual Address: 614- 618 Lime St. & 701- 705 6th St.. 2 separated building on one lot.

Last Agent to Sell the Property

Nick Hoffman

Western International License #00811392 Listed on: 08/12/2018

Last Buyer's Agent

Debra Schrieber

Debra Schrieber, Broker License #01749813

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 4,056 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 18
  • Assessor Parcel Number 7274019015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $445
  • Gardener Expense $360
  • Insurance Expense $2,200
  • Water Sewer Expense $2,700
  • New Taxes Expense $17,438
  • Operating Expense $23,381
  • Gross Income $7,260
  • Net Operating Income $63,739

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 2700.00
  • Zoning: LBPD30
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7274019015
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 4056.00
  • Lot Size Acres: 0.0931

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 445.00
  • Gross Income: 7260.00
  • Gross Scheduled Income: 87120.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 4056.0000 Square Feet
  • Net Operating Income: 63739.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 23381.00
  • Rent Control: No
  • Total Actual Rent: 7260.00
  • Total Expenses: 23381.00

Tax Info

  • New Taxes Expense: 17438.00
  • Tax Census Tract: 5762.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2018
Closed on
Apr 3, 2019
Sold by
Chand Amar and Kaur Daljit
Bought by
Schrieber Brian and Schrieber Debra
Seller's Agent
Nick Hoffman
Western International
Buyer's Agent
Debra Schrieber
Debra Schrieber, Broker
List Price
$1,399,000
Sold Price
$1,300,000
Premium/Discount to List
-$99,000
-7.08%
Current Estimated Value
$1,853,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$553,837
Avg. Annual Appreciation
5.43%
Original Mortgage
$1,276,453
Outstanding Balance
$1,109,382
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$744,455

Purchase Details

Closed on
Apr 18, 2015
Sold by
Khanzadeh Albert
Bought by
Chand Amar and Kaur Daljit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2011
Sold by
Steen Peter A and Spero Mary Ann
Bought by
Khanzadeh Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,750
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2004
Sold by
Maybin Carl and Maybin Bernardette
Bought by
Steen Peter A and Spero Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2001
Sold by
One Step Forward Inc
Bought by
Maybin Carl and Maybin Bernardette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,506
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 19, 2000
Sold by
Hud
Bought by
One Step Forward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
7.9%

Purchase Details

Closed on
Dec 13, 1999
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Dec 21, 1998
Sold by
Mendez Mario and Barrientos Aurora
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Sep 29, 1998
Sold by
Mendez Mario and Barrientos Aurora
Bought by
Gonzalez Jose

Purchase Details

Closed on
May 21, 1997
Sold by
Rodriguez Pedro
Bought by
Mendez Mario and Barrientos Aurora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,588
Interest Rate
7.83%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Rodriguez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,588
Interest Rate
7.83%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 1997
Sold by
Dauk Philip L
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Schrieber Brian $1,300,000 Lawyers Title Company
Chand Amar $960,000 Lawyers Title Company
Khanzadeh Albert $645,000 North American Title Company
Steen Peter A $875,000 Commonwealth Land Title Co
Maybin Carl $392,000 North American Title Co
One Step Forward $171,500 United Title Company
Hud -- Landsafe Title
Countrywide Home Loans Inc $282,143 Landsafe Title
Gonzalez Jose -- --
Mendez Mario $269,000 Southland Title Corporation
Rodriguez Pedro -- Investors Title Company
Home Svgs Of America Fsb $140,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schrieber Brian $1,276,453
Previous Owner Chand Amar $720,000
Previous Owner Khanzadeh Albert $483,750
Previous Owner Steen Peter A $700,000
Previous Owner Maybin Carl $385,506
Previous Owner One Step Forward $214,000
Previous Owner Mendez Mario $267,588
Previous Owner Rodriguez Pedro $122,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2019 04/09/19 Sold $1,300,000 -7.1% $650,000 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
08/12/2018 08/12/18 For Sale $1,399,000 -- $699,500 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,511 $1,450,171 $942,611 $507,560
2024 $18,511 $1,421,737 $924,129 $497,608
2023 $18,200 $1,393,860 $906,009 $487,851
2022 $17,083 $1,366,531 $888,245 $478,286
2021 $16,732 $1,339,737 $870,829 $468,908
2019 $13,360 $1,034,497 $721,850 $312,647
2018 $12,992 $1,014,218 $707,697 $306,521
2016 $11,932 $974,639 $680,217 $294,422
2015 $8,391 $687,571 $479,701 $207,870
2014 $8,344 $674,104 $470,305 $203,799
Source: Public Records

Agents Affiliated with this Home

  • Nick Hoffman

    Seller's Agent in 2019

    Nick Hoffman

    Western International

    (714) 741-8020

    9 Total Sales

    Nick Hoffman
    Section Image

  • D

    Buyer's Agent in 2019

    Debra Schrieber

    Debra Schrieber, Broker

    (818) 782-9443

    1 Total Sale

    Debra Schrieber
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18196561

California Regional Multiple Listing Service (CRMLS)

APN: 7274-019-015

California Los Angeles County Long Beach 90802 East Village

701 E 6th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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